UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.70 Million Stock Position in Westamerica Bancorporation (NASDAQ:WABC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Westamerica Bancorporation (NASDAQ:WABC) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,552 shares of the financial services provider’s stock after selling 7,673 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Westamerica Bancorporation worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WABC. Kimelman & Baird LLC acquired a new stake in Westamerica Bancorporation during the second quarter worth $36,000. CWM LLC increased its stake in Westamerica Bancorporation by 16.4% in the second quarter. CWM LLC now owns 3,649 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 514 shares during the period. Glenmede Trust Co. NA acquired a new position in Westamerica Bancorporation in the third quarter worth about $238,000. Choreo LLC bought a new position in Westamerica Bancorporation during the second quarter worth about $256,000. Finally, SAM Advisors LLC acquired a new stake in Westamerica Bancorporation during the third quarter valued at approximately $336,000. 81.89% of the stock is currently owned by institutional investors.

Westamerica Bancorporation Trading Down 0.2 %

WABC stock opened at $55.92 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 10.19 and a beta of 0.57. The business has a fifty day moving average price of $54.16 and a 200 day moving average price of $51.33. Westamerica Bancorporation has a fifty-two week low of $43.82 and a fifty-two week high of $59.97.

Westamerica Bancorporation (NASDAQ:WABC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.27. The business had revenue of $74.07 million during the quarter, compared to analysts’ expectations of $72.74 million. Westamerica Bancorporation had a return on equity of 17.67% and a net margin of 45.73%. Analysts expect that Westamerica Bancorporation will post 5.17 EPS for the current fiscal year.

Westamerica Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.44 per share. The ex-dividend date was Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.15%. Westamerica Bancorporation’s payout ratio is 32.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Westamerica Bancorporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th.

About Westamerica Bancorporation

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit.